Callahan Advisors LLC Sells 1,312 Shares of Brookfield Co. (NYSE:BN)

Callahan Advisors LLC decreased its stake in Brookfield Co. (NYSE:BN) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 473,692 shares of the company’s stock after selling 1,312 shares during the quarter. Brookfield makes up 2.6% of Callahan Advisors LLC’s holdings, making the stock its 7th biggest position. Callahan Advisors LLC’s holdings in Brookfield were worth $27,214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of BN. Baillie Gifford & Co. grew its position in shares of Brookfield by 809.5% in the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after purchasing an additional 3,271,403 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after purchasing an additional 2,818,716 shares during the period. Toronto Dominion Bank grew its position in shares of Brookfield by 23.4% in the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after purchasing an additional 1,301,072 shares during the period. CIBC Asset Management Inc grew its position in shares of Brookfield by 6.2% in the fourth quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company’s stock valued at $814,585,000 after purchasing an additional 823,428 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Brookfield by 4,149.3% in the third quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock valued at $41,263,000 after purchasing an additional 758,076 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BN. Morgan Stanley began coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. CIBC raised their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Scotiabank raised their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. Finally, TD Securities raised their price target on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Price Performance

Shares of BN stock opened at $60.88 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The firm’s 50-day moving average is $58.47 and its two-hundred day moving average is $54.71. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a market capitalization of $100.20 billion, a PE ratio of 129.53 and a beta of 1.57.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 1.00% and a return on equity of 3.74%. Analysts predict that Brookfield Co. will post 3.83 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.